Ergo and MEAG to acquire Stadtnetze Neustadt am Rübenberge from Ideenstadtwerke.

Ergo, an insurance company, and MEAG, its asset manager, agreed to acquire Stadtnetze Neustadt am Rübenberge, a regional utility group operating broadband and infrastructure networks, from Ideenstadtwerke, a Municipal utility company owned by the city of Neustadt am Rübenberge. Financial terms were not disclosed.